- Equipment Manufacturer and Fortune 500 Tech Super Micro Computer He has issued a frustrating update on his third financial outcome. The major technology reported on Tuesday that it expects a reduction in revenue anywhere from $ 400,000,000 to $ 1.4 billion and that its total profits were reduced by 220 primary scores compared to the last quarter.
Time is money. And in a small laptop caseCustomers need more time to make decisions on what technology platforms or server configurations to buy. Lag in the client Purchase Pushing the expected sales from the third quarter to the fourth, the Super Micro announced on Tuesday, sending its stock 3% during the day and more than 15% in the after -hours business.
Company slash Its initial sales guide from $ 5 billion to $ 6 billion to the expected rate of $ 4.5 billion to $ 4.6 billion. Revenue for each stock also comes under the previous guidance for 16 to 17 cents in part against the original manual 36 to 53 cents per stock. The Super Micro profit rate resulted in 220 primary scores, or 2.2 percent, the company told investors.
“During the Q3 delaying the decisions of the customer forum to transfer sales in Q4,” the company said in a statement. “The GAAP's total and non -GAAP rate for Q3 were 220 base marks less than Q2 Basically due to the high arithmetic savings derived from the older generation products and the cost of accelerating the new commodity market. “
Information comes when investors are waiting for more meaningful data on the impact that tariffs can have on AI companies and data centers. President Trump explained on April 11 Performance order that semiconductors are issued an exemption from new tariffs but comes uncertainty and predicting has Passive investors In general. Super Micro will hold the income call with investors to review the results of the third quarter Next week.
The technology company has been struggling to restore its trust by investors following Tumultuous 2024 which company was struck by A key report of a short sellerwas Its Inspector Inspectorand then delayed issuing audited financial copies and it was threatened and removed from Nasdaq. Previously exchanged Super Super Micro in 2018 after SEC SECTION.
Super Micro since recruitment BDO as its new reviewer and advertised The result of an independent investigation led by the board. The company said it would replace CFO Dave Weigand for the financial chief “and the greatest experience of working as a financial professional in a large public company.”
The company also announced that it would hire general counsel, expand its legal department and evaluate training programs around the “sale and revenue recognition policies, as well as the role of accounting workers in the sales procurement process.”
Meanwhile, Weigand earned 5% to his primary salary in fiscal year 2024, which ended June 30, 2024, Super Micro told investors in his Agent statement. The proposals came from the CEO, Founder, and Chairman Charles Liang and was in the analysis section showing Weigand was well paid under the market for his role, the company said. Weigan's primary salary is now $ 547,000 and its bonus has entered for $ 191,000. Liang also suggested Weigand receive a performance award worth $ 550,000, paid for a combination of stock and performance stock. The total CFO total of 2024 was worth $ 9.6 million and included a grant of options worth $ 5.2 million.
Liang's compensation, which includes a $ 1 salary and no bonus, was valued at $ 28 million.
The Super Micro Board saw other directors attending dozens of what the company called “additional meetings,” the possibility of making decisions on the departure of the reviewer and managing an independent investigation. According to the agency's statement, two directors attended 20 such meetings; The board pays $ 2000 directors per meeting for each meeting by adding a regular board meeting up to 10 additional meetings.
Super Micro did not immediately respond to a comment request.
This story was previously shown Bahati.com
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